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The Biggest Bank Failure in US History
SBB is the second largest bank failure in US history. The Treasury Department announced Sunday night that it will use this department deposit insurance fund to pay back account holders at SBB, along with signature bank in New York. President Biden went before the cameras this morning about 30 minutes before the markets open to sure as a banking system is sound. We already saw this in the in the 2020 stuff although that wasn't quite so clear to people's minds.